S. Korea's 'regulatory sandbox' grants new temporary permits
- 5 years ago
ICT 규제 샌드박스 1호는 웨어러블 심전도측정기•모바일 고지
South Korea is trying to encourage innovation through cutting red tape, even setting up a so-called "regulatory sandbox" that gives companies more leeway to try new things.
And now, the government granted temporary permits under the system... to a number of businesses, including wrist-watches that send heart data to your doctor.
Choi Si-young turns the spotlight to the chosen ones.
The regulatory sandbox grants waivers for some rules... so companies can test new products and services for a set period of time.
The Ministry of Science and ICT has reviewed a number of new business models in the sandbox,... and on Thursday announced temporary permits to one product and two types of mobile services.
The first is a cardiogram wristwatch that monitors the wearer's heart and sends that data to a doctor.
The wearer can seek further medical care on that basis if the doctor recommends it.
But, the firm that makes the watch needs to get a permit from the food and drug safety ministry that says the watch is a medical device.
The second is a mobile service that enables people to receive bills from the government... for things like taxes, health insurance, traffic fines and so on... by text or messenger app.
That service will be provided by South Korea's largest telecommunications company, KT, and instant messaging company Kakao Corporation.
The third is a mobile application that recruits people online to participate in clinical trials.
Previously the Ministry of Food and Drug Safety opposed putting such advertisements online.
But the ban is now lifted.
The safety ministry also rolled out guidelines on how the application developer should go about recruiting participants.
The ICT ministry said it will keep an eye on these products and services to ensure there is no threat to public safety or security.
And if problems arise, it says, the permits will be revoked.
Choi Si-young, Arirang News.
South Korea is trying to encourage innovation through cutting red tape, even setting up a so-called "regulatory sandbox" that gives companies more leeway to try new things.
And now, the government granted temporary permits under the system... to a number of businesses, including wrist-watches that send heart data to your doctor.
Choi Si-young turns the spotlight to the chosen ones.
The regulatory sandbox grants waivers for some rules... so companies can test new products and services for a set period of time.
The Ministry of Science and ICT has reviewed a number of new business models in the sandbox,... and on Thursday announced temporary permits to one product and two types of mobile services.
The first is a cardiogram wristwatch that monitors the wearer's heart and sends that data to a doctor.
The wearer can seek further medical care on that basis if the doctor recommends it.
But, the firm that makes the watch needs to get a permit from the food and drug safety ministry that says the watch is a medical device.
The second is a mobile service that enables people to receive bills from the government... for things like taxes, health insurance, traffic fines and so on... by text or messenger app.
That service will be provided by South Korea's largest telecommunications company, KT, and instant messaging company Kakao Corporation.
The third is a mobile application that recruits people online to participate in clinical trials.
Previously the Ministry of Food and Drug Safety opposed putting such advertisements online.
But the ban is now lifted.
The safety ministry also rolled out guidelines on how the application developer should go about recruiting participants.
The ICT ministry said it will keep an eye on these products and services to ensure there is no threat to public safety or security.
And if problems arise, it says, the permits will be revoked.
Choi Si-young, Arirang News.